Goldman Sachs has decided to maintain its Neutral rating of Snap SNAP and lower its price target from $12.00 to $10.00.
Shares of Snap are trading down 30.26% over the last 24 hours, at $7.53 per share.
A move to $10.00 would account for a 32.89% increase from the current share price.
About Snap
Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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